Government Accountability Office

My husband cashed out his retirement and, after 36 years, filed for divorce This soon-to-be divorced couple also has $30,000 in credit-card debt and no 401(k)This soon-to-be divorced couple also has $30,000 in credit-card debt and no 401(k).

How colleges game the student loan system — and hurt borrowers in the process Consultants offer struggling borrowers help with repayment, but don’t always point them in the best directionConsultants offer struggling borrowers help with repayment, but don’t always point them in the best direction.

Crypto exchange Kraken may have to comply with New York AG’s push for transparency We have enforcement jurisdiction, says Eric Schneiderman’s officeThe New York Attorney General’s office sent a letter to 13 digital currency exchanges in what it said was a “fact finding mission,” to better understand the industry, with the goal of increasing transparency and user protection.

White House budget office to investigate Scott Pruitt’s spending Yet another probe into EPA chief’s spendingWhite House Budget Director Mick Mulvaney said Wednesday that he will investigate findings that the Environmental Protection Agency violated the law when it bought a $43,000 soundproof phone booth for administrator Scott Pruitt.

EPA broke spending law on private phone booth for Pruitt: reportsThe Environmental Protection Agency broke federal law by spending more than $43,000 to install a private phone booth in Administrator Scott Pruitt's office, reports said Monday. The agency did not provide advance notice to Congress before spending the money, ABC News and NBC News said, citing a U.S. Government Accountability Office report. Pruitt told a congressional committee he needed the booth to make secure calls to the White House.

U.S. has little scope to criticize Chinese power grab Those who live in glass houses find it easy to throw stones, Roach saysAllowing Xi Jinping to serve as president indefinitely may well be China’s only option to address its daunting development implementation imperatives head-on, writes Stephen S. Roach.

The ‘morally suspect’ way the government collects student loans A tax credit aimed at helping working low and moderate-income Americans can be seized to repay defaulted student loansA tax credit aimed at helping working low and moderate-income Americans can be seized to repay defaulted student loans.

Rand Paul, struggling to get vote on his ‘Audit the Fed’ measure, blames central bank for impasse In interview with MarketWatch, Paul says he agrees with father that a correction is comingSen. Rand Paul, Republican from Kentucky, is struggling to get a Senate floor vote on his bill to audit the Federal Reserve.

Here’s why retiring baby boomers won’t create a ‘stockmaggedon’ for millennials Market returns don’t have a strong correlation to demographic trendsThe retirement of the baby boomer generation is one of the biggest shifts currently happening in the U.S., carrying significant long-term implications for government spending and the labor market. But could it have an impact on the stock market?

Investing for retirement: a long-term game many workers aren’t even playing Retirement readiness isn’t even on the radar for a high number of AmericansRetirement readiness isn’t even on the radar for a high number of Americans.

How Republicans want to change the way you pay your student loans For-profit colleges look poised to benefit; public servants — not so muchFor-profit colleges look poised to benefit; public servants — not so much.

Retirement may be just a dream for these vulnerable workers Why the changing nature of work is making even harder to save for retirementThe changing nature of work is making even harder to save for retirement.

One unexpected problem with retirement savings: knowing how to spend it Americans need to save more for their futures, but what happens when they finally do?Americans need to save more for their futures, but what happens when they finally do?

Part of the problem with retirement savings is knowing how to spend it Americans need to save more for their futures, but what do they do when they finally do? Americans need to save more for their futures, but what do they do when they finally do?

Why ‘nudging’ works: People need a push when it comes to retirement savings Richard Thaler knew barriers include lack of access to retirement programs, short term thinking and inertiaRichard Thaler knew barriers include lack of access to retirement programs, short term thinking and inertia

Your retirement may not be so horrible after all Optimism about retirement is great, but make sure there’s money to back it upA surprising number of people feel great about their retirement prospects, according to one study, but it’s important to back up that good feeling with lots of money.

This is how much airline passengers paid in all those extra fees last year Ryanair became the latest airline to tighten up free baggage policies last weekRyanair became the latest airline to tighten up free baggage policies last week.

Think you can phase into retirement? Think again Two reports show a big disconnect between employers and older workersEmployees who hope for a phased retirement by downshifting to fewer hours are mostly out of luck

Can we get through the debt-limit showdown without talking about default? Whatever happens in Congress, U.S. will still pay the bondholdersThe president and the Treasury secretary aren’t raising the specter of a “default” as the federal government endures another showdown over the debt ceiling.

As Wells Fargo’s woes mount, its board may be on the firing line Could populist anger spur regulators to make an example of one bank’s board?Scandal after scandal has politicians demanding the ouster of Wells Fargo’s board, a step that regulators may decide is appropriate, according to recent research.

What the proposed 20% cut in farm subsidies mean for your grocery bill Trump administration wants to slash $4.8 billion from annual $23 billion in subsidies given to farmers The Trump administration wants to slash $4.8 billion from the $23 billion in subsidies currently given to farmers each year.

Money milestones: This is how your finances should look when your kids go to college Don’t neglect retirement savings in favor of college tuition Don’t neglect retirement savings in favor of college tuition.

Why the U.S. Postal Service gives Amazon special delivery First-class mail effectively gives packages a free ride, as Citigroup analysis finds each box effectively gets a $1.46 subsidyThe U.S. Postal Service delivers the company’s boxes well below its own costs. Like an accelerant added to a fire, this subsidy is speeding up the collapse of traditional retailers in the U.S. and providing an unfair advantage for Amazon, argues Josh Sandbulte of Greenhaven Associates.

America has a big drug shortage problem Many older drugs are less profitable, making companies less interested in making themShortages of simple medicines causes doctors to use more expensive alternatives.

Why did these generic drugs’ prices jump as much as 85%? Drug manufacturers and pharmaceutical middlemen tend to point fingers at each otherThe price hikes were made the day of a Senate hearing on expensive drugs.

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